Invesaro

Stocks Comparison

CARRIER GLOBAL vs Lennox International: revenue, profit, margins and growth compared

CARRIER GLOBAL brought in $21.7B of revenue in fiscal 2025, Lennox International $5.2B in fiscal 2025. Revenue changed by -3.3% at CARRIER GLOBAL and -2.7% at Lennox International on the year before, so Lennox International grew faster. CARRIER GLOBAL kept 6.8% of its revenue as net profit, Lennox International 15.5%. Free cash flow was $2.1B at CARRIER GLOBAL and $638.8M at Lennox International.

Side by side, latest fiscal year

CARRLII
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$21.7B$5.2B
Revenue growth-3.3%-2.7%
Net income$1.5B$805.8M
Net margin6.8%15.5%
Free cash flow$2.1B$638.8M
Free cash flow margin9.8%12.3%
Earnings per share (diluted)$1.72$22.79
Cash$1.6B$34.2M
Debt$11.5B$1.4B
Price to earnings32.816.4
Market value$46.5B$12.9B
Dividend yield1.20%1.35%
Rank by revenue in sector#30 of 451 · Industrials#121 of 451 · Industrials

Over the years

Revenue
CARR FY2018: $18.9BCARR FY2020: $18.6BCARR FY2020: $17.5BCARR FY2021: $20.6BCARR FY2022: $17.3BCARR FY2023: $19BCARR FY2024: $22.5BCARR FY2025: $21.7BLII FY2018: $3.9BLII FY2019: $3.8BLII FY2020: $3.6BLII FY2021: $4.2BLII FY2022: $4.7BLII FY2023: $5BLII FY2024: $5.3BLII FY2025: $5.2BFY18FY19FY20FY21FY22FY23FY24FY25
CARR $21.7BLII $5.2B
Net income
CARR FY2018: $2.7BCARR FY2020: $2.1BCARR FY2020: $2BCARR FY2021: $1.7BCARR FY2022: $3.5BCARR FY2023: $1.3BCARR FY2024: $5.6BCARR FY2025: $1.5BLII FY2018: $359MLII FY2019: $408.7MLII FY2020: $356.3MLII FY2021: $464MLII FY2022: $497.1MLII FY2023: $591.2MLII FY2024: $811.1MLII FY2025: $805.8MFY18FY19FY20FY21FY22FY23FY24FY25
CARR $1.5BLII $805.8M
Net margin
CARR FY2018: 14.5%CARR FY2020: 11.4%CARR FY2020: 11.4%CARR FY2021: 8.1%CARR FY2022: 20.4%CARR FY2023: 7.1%CARR FY2024: 24.9%CARR FY2025: 6.8%LII FY2018: 9.2%LII FY2019: 10.7%LII FY2020: 9.8%LII FY2021: 11.1%LII FY2022: 10.5%LII FY2023: 11.9%LII FY2024: 15.2%LII FY2025: 15.5%FY18FY19FY20FY21FY22FY23FY24FY25
CARR 6.8%LII 15.5%
Revenue growth
CARR FY2020: -1.6%CARR FY2020: -6.2%CARR FY2021: +18.1%CARR FY2022: -16.1%CARR FY2023: +9.6%CARR FY2024: +18.7%CARR FY2025: -3.3%LII FY2019: -2.0%LII FY2020: -4.5%LII FY2021: +15.4%LII FY2022: +12.5%LII FY2023: +5.6%LII FY2024: +7.2%LII FY2025: -2.7%FY19FY20FY21FY22FY23FY24FY25
CARR -3.3%LII -2.7%
Free cash flow
CARR FY2018: $1.8BCARR FY2020: $1.8BCARR FY2020: $1.4BCARR FY2021: $1.9BCARR FY2022: $1.4BCARR FY2023: $2.2BCARR FY2024: $44MCARR FY2025: $2.1BLII FY2018: $400.3MLII FY2019: $290.5MLII FY2020: $533.9MLII FY2021: $408.7MLII FY2022: $201.2MLII FY2023: $486MLII FY2024: $782.1MLII FY2025: $638.8MFY18FY19FY20FY21FY22FY23FY24FY25
CARR $2.1BLII $638.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about CARRIER GLOBAL and Lennox International

Which is bigger by revenue, CARRIER GLOBAL or Lennox International?

CARRIER GLOBAL is bigger by revenue: $21.7B in fiscal 2025, against $5.2B for Lennox International in fiscal 2025.

Which keeps more of its revenue as profit, CARRIER GLOBAL or Lennox International?

CARRIER GLOBAL had a net margin of 6.8% in fiscal 2025; Lennox International had 15.5% in fiscal 2025.

Which grew revenue faster, CARRIER GLOBAL or Lennox International?

In their latest fiscal years revenue changed by -3.3% at CARRIER GLOBAL and -2.7% at Lennox International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies